Bank of America Merrill Lynch has expanded its equity options algo offerings by adding Delta Adjusted algorithm. Delta Adjusted is an adaptive algo, which automates traders’ work flow by automatically adjusting an option order limit price based on the underlying stock price movement and traders’ defined parameters.

The customizable order type allows traders to execute on multiple parameters and leverage BofA Merrill’s banner equity algorithms Instinct and Ambush. Customers can access the algorithm through BofA Merrill’s InstaQuote trading platform or third-party vendors.

Click here for the release from Business Wire.